Movie Claim Monday: where our insurance minds speculate whether certain incidents in the cinematic universe would in fact be considered a covered claim.*

This week’s movie claim Monday is on Despicable Me 2**. Again, I have a 2 year old, the only movies I watch anymore are cartoons. So here we go! This one isn’t exactly on claims, rather than just the coverages needed. The scene I’m going to be going into is when Gru and Lucy break into Salsa & Salsa restaurant to see if the bad guy they are looking for is El Macho (spoiler alert: it is!).

El Macho better have some small business insurance. There is property damage to most of his tables and chairs and a hole gets put in his ceiling. He would want property coverage as well as loss of use, since he may have to close down while repairs are made.

Also, his business coverage would be useful for the safe that is broken into, but the coverage may not apply, as not valuable was taken and the only valuable in there was a jar of salsa.

The mall would also want good property insurance, as the minions break quite a bit of glass driving a car through the side wall. Lots of damage and lots of clean up.

Finally, how would Lucy’s car be covered? I mean, it obviously needs auto insurance, but it is also a submarine and an aircraft. Three insurance policies seems a bit excessive, so maybe she can find a non-standard carrier that can create a custom policy for her specific vehicle. You never know.

*Disclaimer: Each insurance policy is different, and while we speculate here for enjoyment purposes, you will need to discuss your insurance policy directly with your agent or CSR. Our speculations here are in no way an indication that a similar occurrence would in fact be covered.

**All characters described and mentioned are copyrighted by Universal Pictures

Home sharing has become more and more popular over the past few years with companies like Airbnb and Homeway. But before renting out a room or the whole house, it’s always best to consult with your insurance agent to make sure you have the right coverage. Below is a blog that gives a some information to consider before you begin home sharing.

Home-sharing continues to grow in popularity as owners use their homes for income generation, and travelers look for unique experiences. If fact, experts are predicting vacation home rentals will increase 25% this year – up from a 19% jump last year – and it’s expected this growth trend will continue for some time.

Movie Claim Monday: where our insurance minds speculate whether certain incidents in the cinematic universe would in fact be considered a covered claim.*

Our movie today is Fast Five. As the eighth installment of this series just came out, we shouldn’t be spoiling the plotline for you. The scene we are looking at is where the team (specifically Dom and Brian steal a large safe (bank vault) by attaching it to the back of their Dodge Chargers and cause massive damage during a very intense police chase. So here is where our insurance minds took us:

-The special upgrades on the Chargers are pretty awesome. Hopefully they notified their insurance carrier of those upgrades—they can be covered by comprehensive or collision if they are noted on the policy.

-Surprisingly, the only human injuries seem to be to the drug dealing cops, so that’s less liability to worry about.

-Speaking of liability, I sure hope they have super high limits with a huge umbrella policy. The damage done to buildings (like the bank) and all the other little structures would be millions in damage. I would venture they needed a $10 million umbrella for that kind of stuff.

-But, by far the biggest issue is that they are in Brazil. So unless they have an insurance policy for Brazil, it won’t be covered by any policy in the US. But they make millions off this particular situation, so they can just pay for it all themselves if need be.

*Disclaimer: Each insurance policy is different, and while we speculate here for enjoyment purposes, you will need to discuss your insurance policy directly with your agent or CSR. Our speculations here are in no way an indication that a similar occurrence would in fact be covered.

Do you know when you should replace your roof? Occasionally, a roof claim is denied because the damage is caused by wear and tear or lack of maintenance. It is always best to stay on top of the maintenance and repairs of your roof. Check out the blog below for helpful advice and tips on staying up to date with your roof.